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Home Latest News

“IBS Financial institution-Financed” Agency Accused of Land Occupation in Mogadishu – Puntland Publish

admin by admin
February 7, 2025
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“IBS Financial institution-Financed” Agency Accused of Land Occupation in Mogadishu – Puntland Publish
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Osoble’s land possession paperwork have been licensed by Omar Tugumbe.

Mogadishu (PP Information Desk) — Ibrahim Mohamed Osoble purchased a plot of land in 1987 after Mogadishu Municipality granted planning permission to the proprietor of the land in what was then Wadajir district (now Dharkeynley). His land has now been occupied by Jazeera Property, an organization financed by IBS Financial institution, in response to a board on the fencing of the plot of land legally owned by Mr Osoble.

“That is the proof of my possession of this plot of land. I seemed like this then; now you see how I appear to be” stated Osoble, displaying the property possession paperwork and an ID card issued by Mogadishu Municipality earlier than 1991.

The emblem of Jazeera Property is on the fence surrounding the land claimed by Osoble.

Osoble stated that he doesn’t goal to trigger bother or resort to violence. “My possession paperwork have been licensed by Omar Tugumbe”  added Osoble. Omar Tugumbe labored for the land division of Mogadishu Municipality and rescued land registry paperwork of Mogadishu. For a price, Omar Tugumbe, who now lives outdoors Somalia, helps settle property and land disputes in Mogadishu by disclosing knowledge on property possession, dates of planning permission and particulars of homes close to the land or property in query.

Is IBS Financial institution financing the development of a home on the plot of land taken from Osoble?

Armed militias defend the land claimed by Osoble.” I don’t know who occupied my land, besides the knowledge on the board mounted to the fence surrounding my land,” Osoble advised Hubaal TV, a information channel.

In Mogadishu, banks and conglomerates purchase land or finance the development of homes. Osoble known as on folks to be cautious of creating enterprise offers with Jazeera Property or IBS Financial institution “on my plot of land that has been illegally occupied.”

© Puntland Publish,2025

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